Bitcoin Depot (NASDAQ:BTM - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
BTM has been the topic of a number of other research reports. Noble Financial reaffirmed an "outperform" rating on shares of Bitcoin Depot in a report on Friday, June 13th. HC Wainwright boosted their price target on shares of Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Zacks Research cut shares of Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, B. Riley boosted their price target on shares of Bitcoin Depot from $5.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.83.
View Our Latest Stock Report on BTM
Bitcoin Depot Price Performance
Bitcoin Depot stock traded down $0.18 during midday trading on Wednesday, reaching $3.34. 4,219,752 shares of the stock were exchanged, compared to its average volume of 1,079,421. The company's fifty day moving average is $3.99 and its 200-day moving average is $3.65. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $227.39 million, a PE ratio of 33.40 and a beta of 0.81. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $6.88.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The firm had revenue of $172.11 million for the quarter, compared to the consensus estimate of $168.00 million. Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.
Insider Buying and Selling
In related news, COO Christopher Scott Buchanan sold 7,000 shares of the company's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $3.82, for a total transaction of $26,740.00. Following the completion of the sale, the chief operating officer directly owned 133,276 shares in the company, valued at $509,114.32. This represents a 4.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 36,000 shares of company stock worth $144,000. Corporate insiders own 70.23% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Welch Capital Partners LLC NY increased its stake in shares of Bitcoin Depot by 33.0% in the 2nd quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company's stock worth $6,516,000 after acquiring an additional 318,940 shares in the last quarter. Marshall Wace LLP purchased a new stake in Bitcoin Depot during the 2nd quarter valued at about $4,097,000. Lazard Asset Management LLC purchased a new stake in Bitcoin Depot during the 2nd quarter valued at about $1,149,000. Geode Capital Management LLC grew its position in Bitcoin Depot by 35.9% during the 2nd quarter. Geode Capital Management LLC now owns 171,606 shares of the company's stock valued at $870,000 after purchasing an additional 45,300 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Bitcoin Depot by 591,055.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 159,612 shares of the company's stock valued at $809,000 after purchasing an additional 159,585 shares during the last quarter. 9.18% of the stock is currently owned by institutional investors.
Bitcoin Depot Company Profile
(
Get Free Report)
Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.
Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bitcoin Depot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitcoin Depot wasn't on the list.
While Bitcoin Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.